Subcommittees Focus on FHA; Too Big to Fail
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FHA Government backing for the Federal Housing Administration (FHA) gives it competitive advantages over private sector mortgage insurers, driving them out of the marketplace and leaving homebuyers with fewer choices, witnesses told the Financial Services Subcommittee on… Too Big to Fail; Too Big to Jail?
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Last week Chairman Hensarling and Oversight & Investigations Subcommittee Chairman McHenry sent a letter to Attorney General Holder and Treasury Secretary Lew seeking any and all documents related to the consideration of economic factors in the decision to prosecute large banks for financial crimes. The committee's investigation comes out of Mr. Holder's… GAO Report: Dodd-Frank Regulators Failing to Carry Out Missions, Operate with Little Accountability and Transparency
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Nearly three years after enactment of the Dodd-Frank Act, two powerful regulators created under the law are not fulfilling their missionsand operate far from the public’s eye, according to a Government Accountability Office (GAO) report reviewed at aFinancial Services Oversight and Investigations Subcommittee hearing today. Financially Troubled FHA Crowding Out Private Sector Mortgage Insurers, Witnesses Tell Subcommittee
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Government backing for the Federal Housing Administration (FHA) gives it competitive advantages over private sector mortgage insurers, driving them out of the marketplace and leaving homebuyers with fewer choices, witnesses told the Financial Services Subcommittee on Housing and Insurance today. Chairman Hensarling Questions Legality of CFPB Funding
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In January, a federal court held that the Senate was not in recess when President Obama made three appointments to the National Labor Relations Board (NLRB). In deeming those appointments unconstitutional, the court invalidated decisions made by the NRLB during the illegal appointments. While the court ruled only on the NLRB appointments, Richard Cordray, the President's nominee to… House Passes Financial Services Bills
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The House of Representatives today passed two bipartisan Financial Services Committee bills. Subcommittees Hear From Experts on Harmful Consequences of QE and the GSEs
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“We talked about cash on balance sheets not deployed…People just sitting on cash because interest rates are too low and returns are too low now, but they think that they will go up in the future. So, everyone just sits until the Fed takes action. Rather than trying to read the market, they are trying to read what the Fed is going to do - which is… INFOGRAPHIC: The Government Housing Policy-Driven Fall of Fannie Mae & Freddie Mac
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Many of the interest groups that directly benefit from large subsidizations in the housing market continue to state that Fannie and Freddie fell victim to the bad private market participants. This suggestion is completely false. It was government housing policy, coupled with loose money from the Federal Reserve, that caused the housing bubble and those are the areas where we must focus reform. Subcommittee Chairman Scott Garrett Opening Statement at Capital Markets and Government Sponsored Enterprises Subcommittee Hearing
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Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee Chairman Scott Garrett (R-NJ) delivered the following opening statement at today's hearing. Bernanke Forced to Defend Fed's 'Easy-Money' Monetary Policy
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"I believe… the economic challenges of our nation are fiscal in nature, not monetary. They cannot be solved by the Fed." – Chairman Jeb Hensarling "There seems to be…a lot of evidence out there that the benefits of the low interest rate and quantitative easing are accruing primarily to the federal government, foreign governments and large banks.” – Monetary Policy &… Browse Documents by Date or Issue |
